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Justin is interested in buying a digital phone. He visited 16 stores at random and recorded the price of the particular...

Justin is interested in buying a digital phone. He visited 16 stores at random and recorded the price of the particular phone he wants. The sample of prices had a mean of 262.49 and a standard deviation of 27.57.

A) What t-score should be used for a 95% confidence interval for the mean, μ, of the distribution?
t* = (____)

B) Calculate a 95% confidence interval for the mean price of this model of digital phone:
(Enter the smaller value in the left answer box.)

(____) to (____)

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Answer #1

Solution: A) core which is used for a 95% confidence interval for the mean μ of the distribution Formula for t-score is t-taB) Calculate a 95% confidence interval for the mean price of this model of digital phone. Formula for 95% confidence interval

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